Holders of tracker mortgages were advised to consider overpaying their mortgages after the European Central Bank lowered it’s key interest rate on Thursday. The reduction could see an extra €15 per month in the pockets of mortgage holders for every €100,000 outstanding on their mortgages.
Continue reading
Government €90m Small Business Loans Scheme
Loans
The Irish government have announced a new €90m small business loan scheme to boost jobs and employment in Ireland.
Spain seeks bailout loan
EconomySpain has become the fourth country to seek a European bailout.
Irish consumer loans down 8.4% in April
LoansFigures just released by the Central Bank show that consumer lending took a fall in April.
EU says Ireland must honour national debt, but economy looking strong: Noonan
Debt
The European Commission has imparted the importance of Ireland honouring it’s financial commitments in terms of repaying national debt.
Continue reading
Tracker Mortgages push average Irish home loan rate down
Mortgages
According to new Central Bank statistics Irish homeowners are paying well below the European average on home loans.
Continue reading
MABS ‘should’ have role in new debt plans
Debt
A new report on the governments latest Personal Insolvency Bill has recommended that MABS should take on a role in new debt plans.
Continue reading
Banks are refusing half of loans to small business
Loans
According to ISME as many as half of loan applications by small and medium sized business are being turned down by banks in Ireland.
Continue reading
Irish banks to take up to €10 billion in loans
Economy
Irish banks are set to take out around €10 billion in loans according to an article in the Independent.
Continue reading
Euro Debt Crisis ‘Could Bring Mortgage Interest Rates To Historic Lows’
MortgagesEurope’s mortgage rates could be on path to hit a historic low, as the region does what it can to save the Euro during the Euro debt crisis.
Continue reading